All Forum Posts by: Mitch Messer

Hey @Ken Holifield, congratulations on your successful deal!

If you're open to sharing, I'd love to know what your Year One cash flow and cash-on-cash return are projected to be.

Thanks!

Hey @Gamal Noble, in which state is this property located?

Also, what are the seller financing terms being offered?

Lastly, what cash flow and cash-on-cash return are you projecting to earn, assuming you find your hard money loan?

Thanks! 

Hey @Reuben Friedman, congratulations on your successful deal!

If you're open to sharing, I'd love to know what your Year One cash flow and cash-on-cash return are projected to be.

Also, do you plan to continue acquiring more deals using conventional financing?

Thanks!

Hey @Jim Javier, congratulations on your successful deal!

If you're open to sharing, I'd love to know what the cash-on-cash return on your $60K is projected to be for Year One.

Thanks!

Hey @Jared Knudson, congratulations on your successful deal!

If you're open to sharing, I'd love to know what your Year One cash flow and cash-on-cash return are projected to be.

Also, do you plan to continue acquiring more deals using bank financing?

Thanks!

Hey @Benjamin Sulka, I applaud you taking the time to analyze your deal! So few starting investors do.

First I would urge you to sanity-test ALL your assumptions (like "10% reserve for vacancy, PM, and Capex" and "5% for repairs") by speaking with experienced investors in your market with similar properties. Then you can adjust accordingly.

Second, and most importantly, your calculation of cash-on-cash return is incorrect. For example, post-move-out it will not be 52.7%. It actually will be negative!

Cash-on-cash return = Cash_Flow / All_In_Cash_Investment

Your formula is calculating NOI / All_In_Cash_Investment, which completely ignores Debt Service and Capital Expenditures.

Better you make these adjustments now in a spreadsheet, rather than later on in your bank statements!

Agree 💯!

We've closed several millions of dollars in real estate deals over 25 years, and our BEST EVER have all involved seller financing!

Understood!

With no disrespect intended to BP, most of the folks I run into who use the various calculators provided here have NO real understanding of how to analyze an actual deal.

Much in the way one can't become a Jedi without building a lightsaber, you won't become a confident and complete real estate investor until you can build your own analysis spreadsheet.

Hey Rommel, I'm happy to share the company and contact info with you. You'll just need to reach out to me.

My BP profile page explains how!   

@Shane Connette Congratulations on making a decision and taking action!

One question: What do you believe getting the Pro Account will do for you?